Monaco splash the cash again! Falcao set to join French big-spenders for £51m as Carvalho arrives for free

Atletico Madrid striker Radamel Falcao has become the latest superstar to join newly-promoted big spending Ligue 1 club Monaco after passing a medical at the club.

Hot on the heels of the capture of Porto duo Joao Moutinho and James Rodriguez for around £60million on Friday, Monaco have splashed the cash again, offering the Columbian a four or five-year deal with the club, and securing Ricardo Carvalho's signature on a year-contract with the option of an additional year.

In addition, 27-year-old Falcao's contract will have a get-out clause which will allow him to depart during the first year of his career at the club, Spanish newspaper AS revealed.

Monaco bound: Atletico Madrid's Radamel Falcao has passed a medical and looks set to leave Spain